I work in sports betting. I'd prefer if that at least gets legalized so I can come home.

91AggieLawyer said:

---

People mindlessly assume gambling is some sort of panacea when, in fact, it is a long term state budget negative:

Quote:

---

In the short-run, states indeed do raise additional revenues due to expansion of gambling activities and facilities. However, history shows that in the long-run the growth in state revenues from gambling activities slows or even reverses and declines. In short, the revenue returns deteriorateand often quickly. This pattern of deterioration may be due to competition with other states for a limited market (saturation), competition between different forms of gambling (substitution), or other factors. Despite the deterioration, the dynamic often continues, as states find new forms of gambling to authorize, open new facilities, and impose higher taxes on gambling. The results are short-run yields and longer-run deterioration.

---

https://rockinst.org/issue-area/state-revenues-gambling-short-term-relief-long-term-disappointment/

If Texas were to implement gambling in pretty much any form, it would compete against Vegas, Oklahoma and Louisiana and, as market competition works, it is wholly unclear as to whether the resulting competition would actually generate enough meaningful revenue to offset the societal costs. Remember, the studies I'm quoting here don't even compute gambling in larger states such as Texas so if casinos were to pop up in, say, Houston, DFW, San Antonio, Austin (heaven forbid), El Paso, and on the coast in 2 or 3 places (or anywhere in Texas for that matter), that would force bordering states and even Vegas to adjust how they do business to keep Texas gamblers coming there. They're not going to say, "oh well," and waive the white flag.

Lower costs and house odds would lead to lower revenues and tax receipts, even over and above (or below, I should say) what the study I quote suggests.

THIS IS A BAD IDEA.

---

Don't you think the Vegas casino owners would be the first ones to build casinos in Texas? Keeping the patrons closer to home potentially means more disposable income into slot machines. I'd much rather go to Galveston than to Vegas if I were into gambling. The money I save on flights would probably be put into the casino. And people would probably go more often.

BenFiasco14 said:

---

TheGreatEscape said:

---

So you wouldn't want the private sector in Casinos to pay 20% of their profits to homeless education and infrastructure?

Sounds like a decent cause and reasonable for the riff-raff you probably let into our politics.

---

I'm in favor of using the taxes from legal casinos be used for something worthwhile, yes. Homeless "infrastructure" sounds like you want to pull an Austin and set up a tent city near the airport complete with porta potties and showers, lol, no thanks - way too dubious.

It's two separate issues. Gambling should be legalized, yes I 100% agree. Issue number two is how to appropriately tax and regulate it, of which I'm generally not in favor of, but in this case, something *hopefully* good and not pork.

---

Private sector Casinos paying 20% to non-profit charities for homeless and for those in need. That's what I mean. I'm not meaning tents.

Thank you, Aggie91Lawer. The state government doesn't need the money anyhow.

Dan Scott said:

---

I doubt this is a way to get casinos in Texas. The wife is a physician and not involved in the business. I don't think the kids are involved either.

---

You ate very wrong.

That's the entire point.

Cuban & Adelson targeting 2031 as date they have a casino in Dallas. Dan Patrick seems to be a big obstacle for now.

Falco said:

---

I work in sports betting. I'd prefer if that at least gets legalized so I can come home.

---

it's FAR beyond time for Texas to get with the program and legalize online sports betting.

Hopefully you get to get home soon!

ttu_85 said:

---

#1 said:

---

Love being born and raised in Texas. It's the greatest state in the USA. But it's time to legalize gambling.

---

Why ? Its destroyed a lot of people. Besides there are legal ways in Texas to gamble. One of the best is a thing called the stock market and if you want to get really wild get an account where you can run shorts.

Casino gambling is dumb.

---

Why? Just to stick it to OK and LA is a good reason.

TresPuertas said:

---

Falco said:

---

I work in sports betting. I'd prefer if that at least gets legalized so I can come home.

---

it's FAR beyond time for Texas to get with the program and legalize online sports betting.

Hopefully you get to get home soon!

---

Exactly this.

I don't care if the state makes money off of casino gambling. I just like to go to casinos and it would be great if they had them in Texas and all the major cities.

Fun to gamble, but for every nice casino there are 4 nasty casinos.

The people who want to waste their money helping build larger casinos can afford to travel to another state.

The rest don't need to add to their growing debt.

Do you pay 20% of your income to homeless? Yeah,…didn't think so

Falco said:

---

I work in sports betting. I'd prefer if that at least gets legalized so I can come home.

---

That's my guess on where this is headed. Sports betting and in-game betting gets legalized first. Then casino gambling follows a few years later.

SMM48 said:

---

Do you pay 20% of your income to homeless? Yeah,…didn't think so

---

Nope. But that is the only condition that I'd support casinos in the state. But I give a little over ten percent to the church.

Big Government conservatives won't stand for this.

ttu_85 said:

---

#1 said:

---

Love being born and raised in Texas. It's the greatest state in the USA. But it's time to legalize gambling.

---

Why ? Its destroyed a lot of people. Besides there are legal ways in Texas to gamble. One of the best is a thing called the stock market and if you want to get really wild get an account where you can run shorts.

Casino gambling is dumb.

---

Alcohol, tobacco and lottery destroy people as well, but they're alive and well in Texas. If you can't handle the responsibility, don't do it. That goes for drinking, gambling, etc. Legalize it and get out of the stone ages.

TAMUallen said:

---

Algorithmic Epiphany said:

---

Gambling is such a high time preference entertainment.

Terrible.

---

Are you a bot?

---

Nope, just disgusted in general at the population that subsists solely on bread and circus.

Its a stupid condition even if your heart is in the right place. The customer always pays in that scenario.

TexasAGGIEinAR said:

---

ttu_85 said:

---

#1 said:

---

Love being born and raised in Texas. It's the greatest state in the USA. But it's time to legalize gambling.

---

Why ? Its destroyed a lot of people. Besides there are legal ways in Texas to gamble. One of the best is a thing called the stock market and if you want to get really wild get an account where you can run shorts.

Casino gambling is dumb.

---

Alcohol, tobacco and lottery destroy people as well, but they're alive and well in Texas. If you can't handle the responsibility, don't do it. That goes for drinking, gambling, etc. Legalize it and get out of the stone ages.

---

I'd argue that alcohol destroys a lot more people than gambling does.

TRADUCTOR said:

---

Fun to gamble, but for every nice casino there are 4 nasty casinos.

---

more like 10-15.

Oh wow, look at all the people in here that aren't in favor of people being free to spend their money how they want to spend it. As if they know better how someone should behave and live their life. Almost as if they want to be in control of other people and tell them what they can and can't do.

Oh NOOOOO gambling is bad. It shouldn't be allowed. Same thing as the gun nuts that tell us guns shouldn't be allowed. Don't like it? Don't partake in it.

ttu_85 said:

---

#1 said:

---

Love being born and raised in Texas. It's the greatest state in the USA. But it's time to legalize gambling.

---

Why ? Its destroyed a lot of people. Besides there are legal ways in Texas to gamble. One of the best is a thing called the stock market and if you want to get really wild get an account where you can run shorts.

Casino gambling is dumb.

---

Just remember, the house always wins. Casinos prey on their guests with the idea that they can win big with very little effort, but in reality, they are making millions off of the gullibility of society (and the promise of wealth without earning it).

Why should we encourage legalizing establishments that make our population dumber? let em drive across state lines if they are dumb enough. No need to legalize it now...we need to slow the fast pace at which our society is dumbing down.

the only condition? how about college scholarships?

schwabbin said:

---

Casinos bring trash. I prefer them out of state. Vegas is an easy flight.

---

London pic.twitter.com/XBa27XMLzt

— Clown World ™ 🤡 (@ClownWorld_) November 29, 2023

Yep.

ttu_85 said:

---

#1 said:

---

Love being born and raised in Texas. It's the greatest state in the USA. But it's time to legalize gambling.

---

Why ? Its destroyed a lot of people. Besides there are legal ways in Texas to gamble. One of the best is a thing called the stock market and if you want to get really wild get an account where you can run shorts.

Casino gambling is dumb.

---

So are people.

It's a form of entertainment. I'm currently in Orlando for a conference. Tons of people are here for Disney World/Universal Studios. That's another form of entertainment.

They're both expensive ways to throw away your money.

Let people have their enjoyment.

TexasAGGIEinAR said:

---

ttu_85 said:

---

#1 said:

---

Love being born and raised in Texas. It's the greatest state in the USA. But it's time to legalize gambling.

---

Why ? Its destroyed a lot of people. Besides there are legal ways in Texas to gamble. One of the best is a thing called the stock market and if you want to get really wild get an account where you can run shorts.

Casino gambling is dumb.

---

Alcohol, tobacco and lottery destroy people as well, but they're alive and well in Texas. If you can't handle the responsibility, don't do it. That goes for drinking, gambling, etc. Legalize it and get out of the stone ages.

---

Bawahahah Wow, So nobody in the stone ages ever gambled ? How does legalizing an ancient vice move us out of the stone age? Goofy argument given humanity has ALWAYS gambled. Hell we have more semi conductor fab construction than any state-- Does that count more towards 'Getting out of the stone ages?"

Seriously, sarcasm aside, Your argument is total BS.

Ag with kids said:

---

ttu_85 said:

---

#1 said:

---

Love being born and raised in Texas. It's the greatest state in the USA. But it's time to legalize gambling.

---

Why ? Its destroyed a lot of people. Besides there are legal ways in Texas to gamble. One of the best is a thing called the stock market and if you want to get really wild get an account where you can run shorts.

Casino gambling is dumb.

---

So are people.

It's a form of entertainment. I'm currently in Orlando for a conference. Tons of people are here for Disney World/Universal Studios. That's another form of entertainment.

They're both expensive ways to throw away your money.

Let people have their enjoyment.

---

Fine just dont become a burden to the rest of us by bailing out those, or their families destroyed by those that cant control themselves.

Still the stockmarket is a lot more fun and your chance of beating the house much higher.

TheGreatEscape said:

---

There's nothing I can find in the Bible about gambling in casinos. I wouldn't waste my money like that. Some grandparents have gambled away the inheritance of their children. So it does make me pause and not see it as profitable or wise in spending money.

But if they are going to do it, then 20% goes to homeless infrastructure. Deal?

---

Not anything in the Bible about TexAgs and yet here you are...

TheGreatEscape said:

---

The state government doesn't need the money.

---

You realize that means they could lower the other taxes they collect, right? Like property taxes?

Ag with kids said:

---

TheGreatEscape said:

---

The state government doesn't need the money.

---

You realize that means they could lower the other taxes they collect, right? Like property taxes?

---

Look at how much property taxes went down when Texas adopted the lottery

Its about damn time, if true.

All that Texas money going to Louisiana and Oklahoma is dumb.

BTW, the vast majority of the people that would go to casinos are currently doing it right now. They just drive to OK, LA and fly to LV. So, those places are collecting the taxes.

It's no different than wet/dry areas here in TX. I moved to Weatherford when it was completely dry. Then, they got "private club" alcohol allowed (Montana Restaurant and your membership card was your TX DL). Then they allowed restaurants to serve alcohol and finally did the beer/wine in grocery stores and liquor stores staggered over a few years.

They'd finally figured out that everyone who wanted to go out and drink WAS going out and drinking, they just did it in Fort Worth. And then they realized all the beer/wine sales were racking up big sales tax gains in Hudson Oaks - while the beer/wine was being consumed in Weatherford.

Opening up gambling here will just mean those people don't make the drive to Winstar or Choctaw or Bossier City or Lake Charles. So, that tax revenue will stay here.

I'm not saying to open it up as some new magical revenue source, but just that right now, it's a source that other states are getting.

BQ_90 said:

---

Ag with kids said:

---

TheGreatEscape said:

---

The state government doesn't need the money.

---

You realize that means they could lower the other taxes they collect, right? Like property taxes?

---

Look at how much property taxes went down when Texas adopted the lottery

---

I'm not saying they WOULD do it, just that they COULD.

But, just like the lottery, gambling is a tax on people that are bad at math.

So, if you're not one of those people, then you're not paying that tax.

SMM48 said:

---

the only condition? how about college scholarships?

---

How about 50/50 it if 20%? I'd go for that. I'd add trade school scholarships to that as well.